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Marketable Securities (Tables)
12 Months Ended
Dec. 31, 2013
Marketable Securities [Abstract]  
Schedule Of Available-For-Sale Marketable Securities
As of December 31, 2013, the Company's available-for-sale Marketable securities had gross unrealized gains and (losses) of $2.3 million and $1.5 million, respectively, and consisted of the following:
 
 
 
Gross
Gross
 
 
Amortized
Unrealized
Unrealized
Estimated Fair
 
Cost
Gains
Losses
Value
Auction rate securities - municipal debt
$
3.8
$
-
$
(0.4
)$
3.4
Corporate debt securities
 
360.7
 
1.6
 
(0.2
362.1
Government and agency debt securities
 
358.2
 
0.2
 
(0.1
358.3
Asset-backed and mortgage-backed securities
 
73.2
 
0.5
 
(0.1
73.6
Total debt securities
 
795.9
 
2.3
 
(0.8
797.4
Auction rate securities - preferred
 
4.0
 
-
 
(0.7
3.3
Total security investments
 
799.9
 
2.3
 
(1.5
800.7
Cash equivalents
 
(12.5
-
 
-
 
(12.5
)
Total marketable securities
$
787.4
$
2.3
$
(1.5
)$
788.2
 
 As of December 31, 2012, the Company's available-for-sale Marketable securities had gross unrealized gains and (losses) of $3.6 million and $1.6 million, respectively, and consisted of the following:
 
 
 
Gross
Gross
 
 
Amortized
Unrealized
Unrealized
Estimated Fair
 
Cost
Gains
Losses
Value
Auction rate securities - municipal debt
$
3.8
$
-
$
(0.5
)$
3.3
Corporate debt securities
 
301.3
 
2.4
 
(0.1
303.6
Government and agency debt securities
 
340.2
 
0.6
 
-
 
340.8
Asset-backed and mortgage-backed securities
 
55.9
 
0.6
 
-
 
56.5
Total debt securities
 
701.2
 
3.6
 
(0.6
704.2
Auction rate securities - preferred
 
4.0
 
-
 
(1.0
3.0
Total security investments
 
705.2
 
3.6
 
(1.6
707.2
Cash equivalents
 
(7.5
-
 
-
 
(7.5
)
Total marketable securities
$
697.7
$
3.6
$
(1.6
)$
699.7
Schedule Of Contractual Maturities Of Available-For-Sale Marketable Securities
 
2013
2012
 
Amortized
Estimated Fair
Amortized
Estimated Fair
 
Cost
Value
Cost
Value
Due in less than one year
$
160.4
$
160.6
$
185.4
$
185.8
Due in one to five years
 
621.1
 
622.2
 
498.3
 
500.9
Due after five years
 
18.4
 
17.9
 
21.5
 
20.5
Total available-for-sale marketable securities
$
799.9
$
800.7
$
705.2
$
707.2
Schedule Of Amount Related To Credit Losses Recognized In Earnings For Other-Than-Temporary Impairments
Beginning balance of amounts related to credit losses, January 1, 2011
$
2.7
Credit losses on debt securities for which OTTI was not previously recognized
 
-
Additional credit losses on debt securities for which OTTI was previously recognized
 
-
Reductions for securities sold in the period for which OTTI was previously recognized
 
(0.5
)
Ending balance of amounts related to credit losses, December 31, 2011
$
2.2
Credit losses on debt securities for which OTTI was not previously recognized
 
-
Additional credit losses on debt securities for which OTTI was previously recognized
 
-
Reductions for securities sold in the period for which OTTI was previously recognized
 
(1.9
)
Ending balance of amounts related to credit losses, December 31, 2012
$
0.3
Credit losses on debt securities for which OTTI was not previously recognized
 
-
Additional credit losses on debt securities for which OTTI was previously recognized
 
-
Reductions for securities sold in the period for which OTTI was previously recognized
 
(0.1
)
Ending balance of amounts related to credit losses, December 31, 2013
$
0.2
Schedule Of Marketable Securities With Gross Unrealized Losses For Which No Other-Than-Temporary Impairment Has Been Incurred
The following table provides information at December 31, 2013, about the Company's marketable securities with gross unrealized losses for which no other-than-temporary impairment has been incurred, and the length of time that individual securities have been in a continuous unrealized loss position. The gross unrealized loss of $1.5 million, pre-tax, is recognized in accumulated other comprehensive income:
 
 
Less than 12 Months
12 Months or More
Total
 
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
 
Value
Loss
Value
Loss
Value
Loss
Auction rate securities
$
-
$
-
$
6.7
$
(1.1
)$
6.7
$
(1.1
)
Corporate debt securities
 
85.7
 
(0.2
1.2
 
-
 
86.9
 
(0.2
)
Asset-backed and mortgage-backed securities
 
43.4
 
(0.1
0.1
 
-
 
43.5
 
(0.1
)
Government and agency
 
158.5
 
(0.1
-
 
-
 
158.5
 
(0.1
)
Total
$
287.6
$
(0.4
)$
8.0
$
(1.1
)$
295.6
$
(1.5
)
 
 
The following table provides information, at December 31, 2012, about the Company's marketable securities with gross unrealized losses for which no other-than-temporary impairment has been incurred, and the length of time that individual securities have been in a continuous unrealized loss position. The gross unrealized loss of $1.6 million, pre-tax, is recognized in accumulated other comprehensive income:
 
 
Less than 12 Months
12 Months or More
Total
 
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
 
Value
Loss
Value
Loss
Value
Loss
Auction rate securities
$
-
$
-
$
6.3
$
(1.5
)$
6.3
$
(1.5
)
Corporate debt securities
 
54.9
 
(0.1
1.4
 
-
 
56.3
 
(0.1
)
Asset-backed and mortgage-backed securities
 
6.7
 
-
 
0.2
 
-
 
6.9
 
-
Government and agency
 
30.9
 
-
 
-
 
-
 
30.9
 
-
Total
$
92.5
$
(0.1
)$
7.9
$
(1.5
)$
100.4
$
(1.6
)
Schedule Of Marketable Securities With Gross Unrealized Losses For Which Other-Than-Temporary Impairment Has Been Incurred
The following table provides information, at December 31, 2012, about the Company's marketable securities with gross unrealized losses for which other-than-temporary impairment has been incurred, and the length of time that individual securities have been in a continuous unrealized loss position:
 
 
Less than 12 Months
12 Months or More
Total
 
Fair
Unrealized
Fair
Unrealized
Fair
Unrealized
 
Value
Loss
Value
Loss
Value
Loss
Asset-backed and mortgage-backed securities
$
0.1
$
-
$
-
$
-
$
0.1
$
-
Total
$
0.1
$
-
$
-
$
-
$
0.1
$
-